A accomplished ebook choked with technical research instruments and techniques for the complex ETF trader

Advanced Technical research of ETFs is a crucial source for stylish ETF investors that features a wealth of elevated concepts for technical alternate setups and contains the author's most sensible genuine exchange examples (both profitable and losing), in addition to extra trouble-free technical symptoms. step-by-step this ebook provide you with a how-to consultant for making the most of ETFs via a distinct technique of technical research that used to be defined in Wagner's prior ebook and summarized within the creation. the method is designed to check relative energy utilizing a top-down strategy.

In this publication, Wagner specializes in new signs now not formerly coated together with candlesticks (Doji, Hammers, striking Man), Fibonacci, and others. He additionally explores crucial new advancements on relocating general divergence/convergence (MACD), and institutional buying and selling influence and the way those components now exert impact out there.

A very important source written for ETF investors who're prepared for the subsequent point of sophistication

Contains the author's signature "my most sensible and worst trades" with actual examples from his day-by-day buying and selling at a hedge fund

Includes case reviews that concentrate on the technical symptoms defined within the book

Explores the position of industry psychology for technical research investors and his trademark slogan, "Trade what you notice, no longer what you're thinking that"

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For these drawn to day buying and selling and non permanent buying and selling in futures, this vintage 1950 paintings is an crucial reference. The 3-Day process (a. okay. a. The e-book approach) defined therein, continues that markets stream in a three-day cycle that may be tracked via measuring rallies and declines. Linda Bradford Raschke hugely recommends this booklet and the rules it teaches.

1 shows why risk control (quickly cutting losses each and every time a stop triggers) is so important. The further an ETF declines from the purchase price, the more difﬁcult it is to earn the losses back (get back to breakeven). At a 5À10 percent account drawdown, the gain needed to reclaim the break-even level is very manageable. 16 Properly using protective stops (example 1) makes it very difﬁcult to overcome the drawdown. A 50 percent loss requires a 100 percent run-up just to get back to breakeven.

Example 3—XLP Long Entry This trade example introduces the use of Fibonacci price extensions and price retracements used simultaneously. In late March and early April 2009, the S&P Select Consumer Staples SPDR Fund (XLP) had broken its downtrend, as it set a sequence of two higher-highs and higher-lows. 00 and formed a long-legged doji star on April 3. Based on this stalling action, we drew both Fibonacci extension lines and retracement lines. Since XLP was in an uptrend, both sets of lines were drawn in the direction of the trend from point A to point B.

Psychologically, think of the panic that bulls would be feeling as they watch a massive intraday move higher deteriorate and put their open position under pressure. Regret also creeps into the picture, as more and more bulls wish that they had sold before the breakdown. If the market opens lower the next day, panic will often ensue, resulting in heavy selling. Shooting star reversal candles generally provide the best signals when the market is undergoing a countertrend bounce within a dominant market downtrend, or when the market is reaching a former resistance level or swing high after an extended uptrend (given that we are trend traders, we generally won’t initiate short entries during a bull market).